MGO One Seven LLC Makes New $1.18 Million Investment in Reliance, Inc. $RS

Key Points

• MGO One Seven LLC made a new investment of approximately $1.18 million in Reliance, Inc. by acquiring 3,746 shares during Q2.
• Reliance reported an EPS of $4.43 for the last quarter, which was below the expected $4.72, with revenue of $3.66 billion.
• The company announced a quarterly dividend of $1.20 per share, which translates to an annualized yield of 1.8%.

MGO One Seven LLC bought a new position in shares of Reliance, Inc. (NYSE:RS - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 3,746 shares of the industrial products company's stock, valued at approximately $1,176,000.

Other hedge funds also recently added to or reduced their stakes in the company. TCTC Holdings LLC lifted its holdings in Reliance by 138.9% during the 1st quarter. TCTC Holdings LLC now owns 86 shares of the industrial products company's stock worth $25,000 after buying an additional 50 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new stake in shares of Reliance in the 1st quarter valued at $29,000. Wayfinding Financial LLC acquired a new stake in shares of Reliance in the 1st quarter valued at $30,000. Transamerica Financial Advisors LLC raised its holdings in shares of Reliance by 595.5% in the 1st quarter. Transamerica Financial Advisors LLC now owns 153 shares of the industrial products company's stock valued at $45,000 after purchasing an additional 131 shares in the last quarter. Finally, Trust Co. of Toledo NA OH acquired a new stake in shares of Reliance in the 2nd quarter valued at $68,000. 79.26% of the stock is currently owned by institutional investors and hedge funds.

Reliance Price Performance

Shares of NYSE:RS opened at $272.56 on Thursday. The company's fifty day moving average price is $287.04 and its 200 day moving average price is $295.86. Reliance, Inc. has a 12 month low of $250.07 and a 12 month high of $347.43. The company has a debt-to-equity ratio of 0.14, a current ratio of 3.18 and a quick ratio of 1.51. The firm has a market capitalization of $14.34 billion, a P/E ratio of 19.89, a P/E/G ratio of 1.32 and a beta of 0.87.

Reliance (NYSE:RS - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The industrial products company reported $4.43 EPS for the quarter, missing the consensus estimate of $4.72 by ($0.29). Reliance had a return on equity of 10.48% and a net margin of 5.39%.The company had revenue of $3.66 billion for the quarter, compared to analyst estimates of $3.66 billion. During the same quarter in the prior year, the business earned $4.65 earnings per share. Reliance's revenue was up .5% compared to the same quarter last year. Reliance has set its Q3 2025 guidance at 3.600-3.800 EPS. As a group, sell-side analysts predict that Reliance, Inc. will post 16.98 earnings per share for the current fiscal year.

Reliance Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 29th. Shareholders of record on Friday, August 15th were given a dividend of $1.20 per share. This represents a $4.80 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Friday, August 15th. Reliance's dividend payout ratio (DPR) is presently 35.04%.

Wall Street Analyst Weigh In

RS has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Reliance to a "hold" rating in a report on Thursday, August 14th. Weiss Ratings restated a "hold (c+)" rating on shares of Reliance in a report on Wednesday, October 8th. Zacks Research lowered shares of Reliance from a "strong-buy" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Reliance from $350.00 to $345.00 and set an "overweight" rating on the stock in a report on Monday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $327.80.

Reliance Profile

Reliance, Inc operates as a diversified metal solutions provider and the metals service center company in the United States, Canada, and internationally. The company distributes a line of approximately 100,000 metal products, including alloy, aluminum, brass, copper, carbon steel, stainless steel, titanium, and specialty steel products; and provides metals processing services to general manufacturing, non-residential construction, transportation, aerospace, energy, electronics and semiconductor fabrication, and heavy industries.

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